Home Business 3 British technology stocks that can be bought for the digital revolution

3 British technology stocks that can be bought for the digital revolution

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Today, the world is at the center of a technological revolution. This revolution, made possible by the advent of powerful new technologies such as cloud computing, artificial intelligence and 5G, is completely changing the way we live, work and communicate.

The good news for British investors like me is that there are a lot of them shares of the best technology on London Stock Exchange benefiting from this digital revolution. With that in mind, here are three tech stocks that I would buy out today for my portfolio.

5 stocks for trying to make a fortune after 50

Markets around the world are swaying from the current situation in Ukraine … and with a lot of great companies trading at prices that look “discount”, now may be the time for experienced investors to get some potential deals.

But whether you are a novice investor or an experienced professional, deciding which stocks to add to your shopping list can be a daunting prospect in such unprecedented times.

Fortunately, a team of analysts at The Motley Fool in the UK has shortlisted five companies that they believe can still boast significant long-term growth prospects despite global shocks …

We share the names in a special FREE investment report that you can download today. We believe these stocks can be great for any well-diversified portfolio with the goal of building wealth in the 50s.

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Calnex solutions

Let’s start with Calnex solutions (LSE: CLX)specializing in solutions for testing telecommunications networks.

In recent years, Calnex has brought strong revenue growth, and I expect its top line to continue to grow in the years to come. This is because the deployment of 5G network technology along with the introduction of new technologies such as cars that drive a car will mean that networks need to be rigorously tested. According to Grand View Research, the 5G testing market is expected to grow by about 9% per year between 2020 and 2027.

Last month, Calnex published a great update on trading. Here he reported that his book of orders is in “record levels“and that the council was confident that the group could deliver”significant, steady growth”In the coming years. This is encouraging, in my opinion.

One of the problems with CLX is that stocks have been doing well lately. Thus, a rollback may occur in the short term. In the long run, however, I think there is a good chance that it will bring attractive profits.

Kainos

The next stock I would buy Kainos (LSE: KNOS)which helps organizations with digital transformation.

Kainos, like many other technology stocks, did not have time to work in 2022 as investors focused more on price. In early 2022, the share price was about 1,900 retirees. Today, however, it is close to 1200p.

I see this decline as a great buying opportunity. Because nothing has changed in the company itself. Indeed, last month Kainos reported that the trade for the year ended March 31, 2022, was “very strong“. He added that he has a good position for further growth due to his “significant reduced lag“.

Note that even after the big rollback, the price of KNOS shares is not cheap. Currently, the P / E ratio is around 30. This doesn’t leave much room for error. If growth stops, stocks may still fall. However, I like this assessment because I think the growth potential here is significant.

Volex

Finally, I would also buy Volex (LSE: VLX). It manufactures high performance power cords and cables for a variety of industries, including the electric vehicle (EV) market.

Volex now has a big boost. In a recent trading update, the group reported that revenue for the year ended April 4 would increase by 37% year-on-year, while revenue in the EV segment nearly doubled. He added that it effectively solves problems with inflation and supply chains.

However, this momentum is not reflected in the stock price or in the valuation. Since September, the stock price has fallen from 500 to 260 pence. Meanwhile, the P / E ratio is now only 11.5.

With such an assessment, I see an attractive opportunity here. Stocks may continue to be volatile in the short term, but I think in the long run it could rise much higher.

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